State And Local Tax Revenues Tumble, Then Rebound Small

| March 31, 2010

From The Wall Street Journal: At the root of governments’ problems today are promises made in past decades. As a group, state and local governments have promised an estimated $3.35 trillion in pension and health-care benefits to be paid over the next three decades, but are estimated to have 70% of the money to cover […]

The Great Benefits Gap

| March 31, 2010

  From The Wall Street Journal………………. Many private-company workers have seen their retirement accounts shrivel, while public-sector benefits have been relatively unscathed. Defined-contribution plans such as 401(k)s had $3.33 trillion in assets at the end of 2009, down 4% from $3.48 trillion in 2006, according to the Federal Reserve. Such accounts have lost value even […]

Historical Corralation Of Daily Returns (5 Years)

| March 31, 2010

Philly Fed Data

| March 30, 2010

www.ingerletter.com

Average Monthly % Change For The Dow Jones Industrial Average: Last 50 Years

| March 30, 2010

www.ingerletter.com

Tax Receipts Rebound, But………..

| March 30, 2010

  By Dunstan McNichol March 30 (Bloomberg) — The two-year slide in tax collections that opened a $196 billion gap in U.S. state budgets has stopped, easing pressure on credit ratings and giving leeway to lawmakers as they craft spending plans for next year. The 15 largest states by population forecast a 3.9 percent gain […]

Downtown NYC Towers Sit Empty

| March 30, 2010

By David M. Levitt March 30 (Bloomberg) — Downtown Manhattan, where demand for office space began to surge three years after the 9/11 terrorist attacks, is about to lose its spot as the best- performing U.S. market. Vacancies may exceed 14 percent of the area’s 87 million square feet by late 2011, empty space that’s […]

It’s All Turned Around Like Our Economy!

| March 29, 2010

The U.S. Debt Taken On And The President Respnsible For It…..Repubicans Win Hands Down On Adding To The National Debt!

| March 29, 2010

Borrowing costs borne by Government increase dynamically as the cost of forward debt service jumps. As servicing debt consumes the bulk of the Federal budget, it becomes a crisis almost immediately. The bloating of Governmental services, help to the states, and concurrent reluctance on the part of major creditors, just adds to what is an […]

Former Secretary of State, James Baker III, Has An Opinion….Would Tell Iran To Fold Its Nuclear Program Or Else!

| March 29, 2010

03/29/2010   “We have 3,500 nuclear weapons left over from the cold war we don’t need, they take 20 seconds to re-aim, we’re not afraid to use them, and by the way, they’re already aimed at you.” That is the approach James Baker III thinks America should take with Iran, Ronald Reagan’s Chief of Staff […]

Uncle Sam Says…. You Can Take This To The Bank

| March 29, 2010

 

The Lost Decade….Stocks, Homes and Employment All Decline During The Last Ten Years!

| March 29, 2010

There’s Gold In Them There Hills…..Or At Least In China!

| March 29, 2010

Scientists Stumped As Bee Population Declines Further

| March 29, 2010

The decline in the U.S.  bee population, first observed in 2006, is continuing, a phenomenon that still baffles researchers and beekeepers.Data from the US Department of Agriculture show a 29 percent drop in beehives in 2009, following a 36 percent decline in 2008 and a 32 percent fall in 2007. This affects not only honey […]

The Top Ten Have Most Of The Cash

| March 26, 2010

www.ingerletter.com

U.S. Housing In Gold

| March 26, 2010

Are You Middle Class?

| March 26, 2010

Household Net Worth The typical household has a net worth of about $84,000, according to the Federal Reserve.   That’s down 30% since 2007, thanks to losses in stock portfolios and declining home values. For the 50% of families in the middle of the scale, household income ranges from $51,000 to $123,000 for a typical two-parent, […]

Half of U.S. Home Loan Modifications Default Again

| March 25, 2010

By John Gittelsohn   March 25 (Bloomberg) — More than half of U.S. borrowers who received loan modifications on delinquent mortgages defaulted again after nine months, according to a federal report. The re-default rate of loans modified in the first quarter of 2009 was 51.5 percent by the end of the year, the Office of […]

“Fact and Comment” STEVE FORBES

| March 25, 2010

STEVE FORBES, Forbes.com “Fact and Comment” (3/25/10): Socialists believe that the way to paradise is for governments to own “the means of production.” Thus, decades ago even democratic countries such as France and Britain nationalized considerable swathes of their economies to achieve “social justice.” That didn’t work so well; therefore, since the days of Margaret […]

New And Existing Home Sales

| March 24, 2010

A Looming Trade War With China . . .

| March 24, 2010

Gene Inger’s Daily Briefing . . . for Thursday March 25, 2010:   Good evening;   A looming trade war with China . . . superficially seems the least desirable tact, for both China and the United States. However, the trend has been building for a couple years now; as we’ve forewarned with respect to […]

Unintended Consequences…..

| March 23, 2010

  States Sue Over Healthcare Overhaul By Pat Wechsler   March 23 (Bloomberg) — President Barack Obama faces a fight over the health-care overhaul from states that sued today because the legislation’s expansion of Medicaid imposes a fiscal strain on their cash-strapped budgets. Florida, Texas and Pennsylvania are among 14 states that filed suit after […]

How The Middle Class Slowly Evaporated In The Last 40 Years

| March 23, 2010

How the Middle Class Slowly Evaporated in the Last 40 Years – Loss of Manufacturing, Bank Deregulation, Hyper Consumption, and Short-term Profit Seeking from Wall Street. Posted: Tue, 23 Mar 2010 22:06:51 +0000 Some like to think that the middle class has always been a fixture of American society.  In fact, the rise of a […]

U.S. States Assert Sovereignty

| March 22, 2010

States Rebel Against Washington The pushback against federal power began under Bush, but may now be accelerating. Atlanta There’s an old joke in South Carolina: Confederate President Jefferson Davis may have surrendered at the Burt-Stark mansion in Abbeville, S.C., in 1865, but the people of state Rep. Michael Pitts’s district never did. With revolutionary die-hards […]

I.M.F. Gives Debt Warning For The Wealthiest Nations

| March 22, 2010

I.M.F. Gives Debt Warning for the Wealthiest Nations BEIJING — The global economic crisis has left “deep scars” in the fiscal balances of the world’s advanced economies, which should begin to rein in spending next year as the recovery continues, the No. 2 official at the International Monetary Fund said on Sunday in Beijing. In […]

U.S. Stock Market Total Return %

| March 21, 2010

The Elephant In The Room…..Over-The-Counter Derivatives, The Actual Worldwide Amount Is Likely In The 100’s Of Trillions And Maybe Quadrillions Of Dollars

| March 20, 2010

The Wheel Of Fortune…..Around And Around We Go, Where We Stop Nobody Knows

| March 19, 2010

http://lcmgroupe.home.comcast.net/~lcmgroupe/Tipping_Points.htm

Houeshold Financial Obligations Report……Looks Like We Still Have A Ways To Go!

| March 19, 2010

Credit Card Rate Report….How Does Your Card Stack Up

| March 19, 2010

The current national average interest rate for credit cards is 14.56 percent yet they are offering clients who want to save 0.1% or even lower on their savings account.  In business lingo this is what you call the margin and it is gigantic.  This is why the banking system is fundamentally flawed.  They borrow taxpayer […]

Mortgage Purchase Applications Index

| March 19, 2010

  www.ingrletter.com

Flow Of Funds Data

| March 19, 2010

Saving and the restoration of the average family unit’s retirement coffers is what this is about. And in that case current and former officials should be encouraging building citizen savings; not just trying to return us as a nation to the irresponsible practices of the past, which would only help the Chinese economy more than […]

Stratfor………Military Priorities in Afghanistan

| March 19, 2010

Military Priorities in Afghanistan   Gen. David Petraeus, commander of U.S. Central Command, testified before the House and Senate Armed Services Committees in Washington this week, saying that military progress in Afghanistan will be difficult this year. Afghan security officials recently have issued similar warnings, noting that the number of violent assaults is likely to […]

New York State Tax Refunds Put On Hold, Gov. Paterson Freezes $500 Million, $1.5 Billion In School Aid Next To Be Halted

| March 18, 2010

Mar 18, 2010 6:16 am US/Eastern NEW YORK (CBS) ― For hundreds of thousands of New Yorkers, the check won’t be in the mail — at least not on time. New York State has stopped paying tax refunds and won’t start again until next month. The tax refund delay is part of a bigger cash […]

Broken Government Model…..Sallie Mae Sells Debt At Higher Rate Than Students Pay….No Wonder They’re Losing Money!

| March 17, 2010

By Tim Catts and Sarah Mulholland March 17 (Bloomberg) — SLM Corp., the largest U.S. student-loan company, raised $1.5 billion in the bond market, paying more than it charges some borrowers to begin addressing $11 billion of bonds maturing through next year. Sallie Mae, as the company is known, sold $1.5 billion of 8 percent […]

Heads Up……2012 is the beginning of a three-year period in which more than $700 billion in risky, high-yield corporate debt begins to come due, an extraordinary surge that some analysts fear could overload the debt markets.

| March 17, 2010

Saint Patrick’s Day………

| March 17, 2010

On this day in the year of our Lord 389, there lived a foin broth of a lad who was…. dependin’ on the boyographer ye read: a Spanish peasant, a French herdschild, a Celt from Bannavem or a Gael from Dumbarton, Scotland.  At any rate, at age 16 this lad was kidnapped by pirates and […]

California Teachers Going Home By The Thousands…..

| March 16, 2010

Pink Slips Sent To Thousands Of Calif. Teachers By ROBIN HINDERY, Associated Press Writer Monday, March 15, 2010 California’s budget crisis could cost nearly 22,000 teachers their jobs this year. State school districts had issued 21,905 pink slips to teachers and other school employees by Monday, the legal deadline for districts to send preliminary layoff […]

Moody’s Fears The Worst As AAA States (Countries) Implement Austerity Plans….

| March 16, 2010

Moody’s fears social unrest as AAA states implement austerity plans The world’s five biggest AAA-rated states are all at risk of soaring debt costs and will have to implement austerity plans that threaten “social cohnesion”, according to a report on sovereign debt by Moody’s. By Ambrose Evans-Pritchard Published: 6:48PM GMT 15 Mar 2010 The US […]

From Art Cashin On The Floor Of The New York Stock Exchange……….

| March 16, 2010

Is It A Bluff Or Is It Battle Preparation? – Several blogs have picked up on reports that the U.S. may be transferring “bunker-buster bombs” to a base in the Indian Ocean.  Here’s a part of a story in the Sunday Herald of Scotland: Hundreds of powerful US “bunker-buster” bombs are being shipped from California […]

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